US equities were down over 1% in early trading today, as the sell-off in global markets continued for a second day.
The Dow Jones opened down 0.95% at 26,188 points on Tuesday while the S&P 500 fell 0.81% to 2,831 points, after the two indices posted their worst sessions of the year on Monday. US markets followed Europe lower, with the FTSE 100 down 0.92% by late afternoon at 7,600 while the German Dax fell 0.74% and the French Cac 40 dropped 0.69%. Equity markets had enjoyed their best start to the year since 1987 with the S&P 500 rising 5.9% to 2,853 points on the back of President Donald Trump's tax reform. However, the recent sell-off in government bond markets has spilled-over into equities...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
